Central Bank of Bahrain Ups Rates

published:22/09/2022 08:53 GMT

The Central Bank of Bahrain (CBB) has raised its key policy interest rate by 75 basis points, following the US Federal Reserve. The CBB said its key policy interest rate on the one-week deposit facility is raised from 3.25% to 4%. The overnight deposit rate has been raised from 3% to 3.75%, the four-week deposit rate from 4% to 4.75% and the lending rates from 4.50% to 5.25%. Bahrain’s banking and finance regulator said it continues to monitor global and local market developments closely in...More